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Energy Commodities Oil

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  • OPEC slams oil producers' 'go-it-alone' attitudes Monday, 13 Apr 2015 | 2:14 PM ET
    Oil Iraq OPEC

    OPEC published a stinging critique of oil-producing countries that refused to follow its lead in holding back supply in an effort to boost prices.

  • Southern drivers spend most on gas: Here's why Monday, 13 Apr 2015 | 1:32 PM ET
    Gas pump gasoline prices

    An Energy Department analysis finds that drivers in the South spend more on gasoline than areas of the country with larger mass transit systems.

  • NEW YORK, April 13- Crude prices added to last week's gains Monday on bets of a slowdown in U.S. oil production, while equities in major world markets drifted ahead of the start of the quarterly earnings season on Wall Street. "We had a big move last week and we're heading into earnings season and we've had a few warning signs last week from a couple of companies where...

  • "Another case of bad news possibly being good news, since more stimulus for China would lead to more demand," said Phil Flynn, analyst at Price Futures Group in Chicago. Brent May crude was up 13 cents at $58 a barrel at 12:25 p.m. EDT, having swung between $57.46 and $59.54. U.S. crude was up 25 cents at $51.89 a barrel, well off its $53.10 peak just below its 100- day moving...

  • Brent, U.S. crude futures turn lower in choppy trade Monday, 13 Apr 2015 | 12:02 PM ET

    NEW YORK, April 13- Brent and U.S. crude futures gave up early gains and turned lower in choppy trading on Monday, with brokers and analysts pointing to profit taking after earlier gains. Brent May crude was down 17 cents at $57.70 a barrel at 11:59 a.m. EDT, after reaching $59.54. May crude was off 3 cents at $51.61 a barrel, having reached $53.10 intraday.

  • *Shares shrug off surprise fall in China exports. *China trade data shock hits Australian dollar. NEW YORK, April 13- Crude prices on Monday added to last week's gains on bets on a slowdown in U.S. oil production, while stocks on major markets drifted higher despite a surprisingly large fall in Chinese exports that heightened concern over demand for commodities.

  • LA hit by 2 small earthquakes; 1 near oil fields Monday, 13 Apr 2015 | 8:43 AM ET
    earthquake seismological device

    Two earthquakes rattled Los Angeles within four hours, including one near the Baldwin Hills oil fields.

  • LONDON, April 13- The drop in big oil companies' profits in the past eight months isn't just a function of lower crude prices- it also reflects strategic choices. A Reuters examination of corporate filings by some of the biggest players in the industry, including BP, Shell and France's Total, shows the sensitivity of these companies' earnings to changes in oil prices...

  • Oil in $70 range 12 months from now: Expert Monday, 13 Apr 2015 | 7:18 AM ET
    Oil in $70 range 12 months from now: Expert

    Helima Croft, RBC Capital Markets, shares perspective on the oil markets if a deal between the U.S. and Iran is reached and sanctions are removed.

  • LONDON, April 13- Professional commodity traders watch spreads rather than spot prices as the best indicator of the balance between supply and demand. The contango was particularly pronounced in futures contracts linked to WTI because the rise in stocks has been concentrated in the United States, especially around the contract's delivery point at Cushing,...

  • Refiners, retailers chase US drivers' demand Monday, 13 Apr 2015 | 6:39 AM ET
    gas station prices gas pump credit card

    The average national price of a regular gallon of gasoline continues to drop.

  • LONDON, April 13- Brent rose towards $59 a barrel on Monday in a volatile market, continuing gains after a strong end to last week as financial traders increased bets on higher prices amid a slowdown in U.S. drilling. Front-month Brent crude futures were up 82 cents at $58.69 a barrel by 0934 GMT, having earlier touched $59.54. "We found a bit of a momentum this morning,"...

  • What BG-Shell needs to be a 'brilliant deal' Monday, 13 Apr 2015 | 5:00 AM ET
    What BG-Shell needs to be a 'brilliant deal'

    More analysts are upgrading BG Group, after the announcement last week of a $69 billion takeover bid by Royal Dutch Shell. Matthew Beesley, head of global equities at Henderson Global Investors, says that for it to be a "strategically brilliant deal", the oil price needs to be significantly higher.

  • Watch for FTSE oil and gas dividend payouts Monday, 13 Apr 2015 | 4:50 AM ET
    Watch for FTSE oil and gas dividend payouts

    Despite the falling price of crude, research from Markit suggests that total dividends from FTSE 350 oil and gas companies will rise in 2015. Ryan Bransfield, head of UK dividend research at Markit, discusses the trend.

  • LONDON, April 13- Oil surged above $59 a barrel on Monday in a volatile market as traders covered short positions, after a strong end to last week as financial traders increased bets on higher prices amid a slowdown in U.S. drilling. Front-month Brent crude futures were trading up $1.40 at $59.28 a barrel by 0810 GMT, while U.S. crude had risen $1.22 to $52.86 a barrel.

  • Front-month Brent crude futures were trading at $57.89 a barrel by 0356 GMT, up 2 cents since their last settlement, while U.S. crude was up 14 cents at $51.78. Many money investors are calling a bottom in oil prices, as speculators in U.S. crude oil futures and options raised net long positions by some 52 million barrels in the week to April 7, data from the U.S....

  • BEIJING, April 13- China's imports rose 14 percent in March from a year ago, customs data showed on Monday, as domestic oil production has remained flat and demand for refined fuel products held at near-record levels in recent months. China still imported a lower-than-expected 26.81 million tonnes of crude oil in March, data from the General Administration of...

  • Oil pares gains on profit-taking, but ends higher Monday, 13 Apr 2015 | 2:37 PM ET

    Crude futures relinquished early gains ahead of the close as a global supply glut continued to cap gains.

  • SINGAPORE, April 13- Oil prices edged up in early Asian trading on Monday following a strong session on Friday, as financial traders increased their bets on higher prices amid a slowdown in U.S. drilling. Front-month Brent crude futures rose 18 cents to $58.05 a barrel by 0106 GMT. Money managers and other big speculators in U.S. crude oil futures and options raised...